Lockerbie bomber family's UK Supreme Court appeal bid fails


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Judges on Thursday refused the Lockerbie bomber's family permission to take an appeal against his conviction to the UK's highest court.

The bombing of Pan Am flight 103, travelling from London to New York on December 21, 1988, killed 270 people in Britain’s deadliest terrorist attack.

Former Libyan intelligence officer Abdelbaset Al Megrahi was found guilty in 2001 of mass murder and sentenced to life in jail with a minimum term of 27 years – the only person convicted of the attack.

In January, judges at the Court of Appeal in Edinburgh rejected a third appeal against his conviction made by his son.

Lawyers acting for the Megrahi family then sought permission to appeal to the UK Supreme Court, the final court of appeal for the case, but this was refused by five Scottish judges.

Family lawyer Aamer Anwar said they will now seek leave to appeal directly to the UK Supreme Court.

A written judgment issued on Thursday by Lord Carloway, the Lord Justice General, said the court “has had some difficulty in understanding the exact nature of the challenge”.

“Although the case is clearly one of public importance, the proposed grounds of appeal do not raise points of law of general public importance.

“The principles of law which the court applied were all well known, settled and largely uncontroversial in the appeal.

“For these reasons, the court refuses permission to appeal to the UK Supreme Court.”

Megrahi was released from prison in 2009 on compassionate grounds while terminally ill with cancer, and died in Libya in 2012.

The third appeal was lodged after the Scottish Criminal Cases Review Commission referred the case to the High Court in March 2020, ruling a possible miscarriage of justice may have occurred.

Lockerbie bomber Abdelbaset Al Megrahi was freed on compassionate grounds before his death in 2012. AFP
Lockerbie bomber Abdelbaset Al Megrahi was freed on compassionate grounds before his death in 2012. AFP

Judges then granted his son, Ali Al Megrahi, permission to proceed with the appeal in relation to the argument that “no reasonable jury” could have returned the verdict the court did, and on the grounds of non-disclosure of documents by the Crown.

Appeal court judges in January rejected both grounds of appeal, meaning the conviction stands.

“It is time for a new Libya, but that will never happen until there is justice for those who died in Lockerbie. I regard my father Abdelbaset Al Megrahi as the 271st victim of Lockerbie," Ali Al Megrahi said.

"[Libya now has] a new democratic government and we look to them to support our legal team in their pursuit of justice."

How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press

Points tally

1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3

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UAE currency: the story behind the money in your pockets
Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

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